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Women Leading the Charge: Canadian Entrepreneurship. Gus Trotter. “ women entrepreneurs are one of the fastest growing segments of the Canadian Economy” (Ward, ‘Statistics,’ n.d.). Agenda 1 - Introduction. Needs Wants Challenges. Agenda 2 - Traits. Highly Educated Average Age

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Presentation Transcript
slide2
“women entrepreneurs are one of the fastest growing segments of the Canadian Economy”(Ward, ‘Statistics,’ n.d.)
agenda 1 introduction
Agenda 1 - Introduction
  • Needs
  • Wants
  • Challenges
agenda 2 traits
Agenda 2 - Traits
  • Highly Educated
  • Average Age
  • Professional Organization
  • Trade Organization
  • Not immigrant
  • One-person
  • BC, AB, or ON
agenda 3 final comments
Agenda 3 – Final Comments
  • Summary – Needs & Wants
  • Summary – Traits
  • Summary – Challenges
  • Recommendations
  • In Conclusion
  • References
  • Question Period
needs
Needs
  • Flexibility
      • stay-at-home; lifestyle
  • Age
      • economic
  • Education
      • later in life
  • Employment
      • single vs. married
wants
Wants
  • Wealth
      • Men vs. Women
  • Love
      • Of what they do
  • Equality
      • Payment for services
grand challenges
Grand Challenges
  • Equality of $$
  • Personal Debt
  • Capital
  • Lack of Access
  • International Experience
  • Inadequate business information
  • Inadequate business technology
basic challenges
Basic Challenges
  • Finding clients
  • Steady workload
  • Working long hours
trait 1 highly educated
Trait 1 – Highly Educated
  • Increase in education amongst women
  • 1 in 4 self-employed = university educated
  • 1 in 2 = above average $$
  • Increase in employment quality
trait 2 average age
Trait 2 – Average Age
  • Rise in post-secondary education
  • 96% worked for others before starting business
  • Average age 41-years-old
  • Over 55 – growth rate of 4% since 1989
  • “Lifestylers” and “Seniorpreneurs”
percentage of self employed women rises with age empoweredwomen com 2010 p 12
Percentage of Self-Employed Women Rises with Age(EmpoweredWomen.com, 2010, p. 12)
trait 3 professional organization
Trait 3 – Professional Organization
  • 40% women sole proprietors are members
  • Twice the rate of men
  • Flip Side: Unincorporated
trait 4 trade organization
Trait 4 – Trade Organization
  • 40% sole proprietors
  • Double rate of men
  • Networking options
  • Business prospects
self employment of women in occupation categories adapted from empoweredwomen com 2010 p 25
Self-Employment of Women in Occupation Categories(Adapted from EmpoweredWomen.com, 2010, p. 25)
trait 5 not immigrant
Trait 5 – Not Immigrant
  • 1 in 5 not born in Canada
  • 30% outpace men
  • Tend to be younger/more educated
  • After 5 years – 9 in 10 self-employed
  • After 5 years – no different than born here
sources of revenue for immigrant women
Sources of Revenue for Immigrant Women

Less than 5 years in Canada

  • 30% of income supplied by home
      • Country
      • Government
      • Family

More than 5 years in Canada

  • 6% of income supplied by home
trait 6 one person
Trait 6 – One-person
  • 62.7% unincorporated sole workers
  • Growth less important
  • Personal services & retail sales sectors
  • Financially better off
trait 7 bc ab or on
Trait 7 – BC, AB, or ON

British Columbia

  • 6.1% annual increase in SBE women
  • New Canadians

Alberta

  • 4.8% annual increase in SBE women
  • Economy

Ontario

  • 40% of country’s women’s SBE
  • 30% negative circumstances
self employed women by province adapted from empoweredwomen com 2010 p 40
Self-Employed Women by Province(Adapted from EmpoweredWomen.com, 2010, p. 40)

summary needs wants
Summary – Needs & Wants
  • Employment
  • Flexibility
  • Age
  • Education
  • Wealth
  • Love
  • Equality
summary traits
Summary - Traits
  • Highly Educated
  • Average Age
  • Professional Organization
  • Trade Organization
  • Not immigrant
  • One-person
  • BC, AB, or ON
summary challenges
Summary - Challenges
  • Equality of $$
  • Personal Debt
  • Capital
  • Lack of Access
  • International Experience
  • Inadequate business information
  • Inadequate business technology
  • Finding clients
  • Steady workload
  • Working long hours
recommendations
Recommendations
  • Business Attitude
  • Networking
  • Thick Skin
women in business their recommendations
Women in Business Their Recommendations

Database

  • Supplier Diversity
  • Access to Suppliers

Institution

  • Government Support
  • Federal Contracts
in conclusion
In Conclusion

“It is clear from the latest census results that women represent the future of self-employment in Canada.”

(Ward, ‘Statistics,’ n.d.)

references
References

CIBC World Markets. (2005). Women Entrepreneurs: Leading the Charge. Retrieved from http://www.cibc.com/ca/pdf/women-entretreneurs-en.pdf

EmpoweredWomen.com. (2010). A Report on Women in Business in Canada, with Statistics. Retrieved from http://www.empoweredwomen.com

Ward, S. (n.d.). The Face of Canadian Business Women, Parts 1-4. Women in Business. Retrieved from http://sbinfocanada.about.com/od/womeninbusiness/a/bizwomengrow.htm

 Ward, S. (n.d.). Small Business Statistics on Canadian Women in Business. Women in Business. Retrieved from http://sbinfocanada.about.com/od/canadianstats/a/bizwomenstats.htm

references1
References

 Ward, S. (2003, March 7). Statistics. The Business Research Newsletter. Retrieved from http://sbinfocanada.about.com/gi/o.htm?zi=1/XJ&zTi=1&sdn=sbinfocanada&cdn=money&tm=9&f=21&su=p284.9.336.ip_p649.3.336.ip_&tt=2&bt=1&bts=0&st=23&zu=http%3A//www.royalbank.com/sme/women/statistics.html

Ward, S. (n.d.). Women Entrepreneurs of Canada. Women in Business. Retrieved from http://sbinfocanada.about.com/cs/womeninbusiness/a/womenissues1.htm

Ward, S. (n.d.). Women in Business a Growing Wave: CIBC Report Profiles Astonishing Growth in Women-Owned Business. Women in Business. Retrieved from http://sbinfocanada.about.com/od/womeninbusiness/a/bizwomengrow.htm

Wolfe, L. (n.d.). Do You Have What it Takes to Become a Successful Woman Entrepreneur? Women in Business. Retrieved from http://womeninbusiness.about.com/od/startingasmallbusiness/a/3traitsofentrep_3.htm